The week was a whirlwind of events in the cryptocurrency world. From a former Joe Biden advisor criticizing crypto’s legal use cases to a federal judge denying Binance’s arbitration request, the sector was far from quiet. Let’s dive into the details.

Former Biden Advisor Criticizes Crypto

Jared Bernstein, former Chair of the Biden Council of Economic Advisors, expressed skepticism towards cryptocurrency, labeling it as an asset with “almost zero legal use cases” and a tool that’s “pretty good for scammers.” Bernstein also dismissed the “early stage excuse” for crypto’s volatility.

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Binance’s Arbitration Request Denied

A federal judge rejected…

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